Refer to the figure above Based on the Keynesian cross diagram at short run

# Refer to the figure above based on the keynesian

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76.Refer to the figure above. Based on the Keynesian cross diagram, at short-run equilibrium output autonomous expenditure equals _____ and induced expenditure equals ______. A.1000, 3000 B. 1000, 4000 C. 4375, 4500 D. 4000, 5000 AACSB: Analytical Skills Blooms: Application Frank - Chapter 21 #76 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output Subscribe to view the full document.

77.Refer to the figure above. Based on the Keynesian cross diagram, if output equals 4,500 planned aggregate expenditure is _____ output and firms will ____ production. AACSB: Analytical Skills Blooms: Application Frank - Chapter 21 #77 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output 78.Refer to the figure above. Based on the Keynesian cross diagram, at short-run equilibrium output, AACSB: Analytical Skills Blooms: Application Frank - Chapter 21 #78 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output Subscribe to view the full document.

79.In the Keynesian cross diagram the 45° line represents the short-run equilibrium condition that: AACSB: Analytical Skills Blooms: Knowledge Frank - Chapter 21 #79 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output 80.The expenditure line in the Keynesian cross diagram represents the: A. equilibrium condition that Y = PAE. B.relationship between planned expenditure and output. C. relationship between consumption and after-tax disposable income. D. equilibrium condition that Y = Y*. AACSB: Analytical Skills Blooms: Knowledge Frank - Chapter 21 #80 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output Subscribe to view the full document.

81.In the basic Keynesian model a decline in autonomous spending: AACSB: Analytical Skills Blooms: Understanding Frank - Chapter 21 #81 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output Frank - Chapter 21 Subscribe to view the full document.  • Fall '14
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